Bintulu port to compete with PSA for IPO dollars

State-owned Bintulu plans to sell 100 million new shares at RM$2.00, while Minister of Finance Inc., the government holding company that owns Bintulu, plans to sell 136 million existing shares at the same price. If they succeed, the port could raise at least RM$472 million ($124 million). The company plans to offer 60% of the new shares to foreign investors, making it the first Malaysian company to do so since the 1997 currency crisis.